Pakistan-Romania BIT

A recent news report notes that Pakistan and Romania are in the process of concluding a BIT:

Governor of Brasov and member of the Chamber of Commerce and Industry Brasov County, Carol Ambrus said Romania is interested to invest in the coal and mining sector of Pakistan and there is also a need to identify and explore opportunities in the field of sunflower seeds, copper cathodes, organic chemicals and dyes, textile and textile goods, agriculture products, leather goods, IT and in other sectors.
[Board of Investment] BOI Chairman Saleem Mandviwalla said BOI is looking forward to a bilateral investment treaty with Romania as soon as possible. He informed the delegation that there were more than 700 Pakistani companies operating in Romania and both the countries signed their first trade agreement in 1964. Despite the 47-years trade relations history, much effort is needed to boost bilateral exchange, economic cooperation and enhance investment. He said Romania can avail attractive investment opportunities in the coal mining sector as Pakistan’s coal potential estimated at 185 billion tons and current consumption of coal is 11.0 million tonnes per annum against annual production of 5.0 million tons. The supply and demand gap of about 6.0 million tons of coal is being met through imports.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s